Issue Date: January 31, 2011
AkzoNobel Invests In Brazil Pulp Market
AkzoNobel will build a $123 million pulp and paper chemicals plant in Três Lagoas, Mato Grosso do Sul, Brazil. The facility will serve what is projected to be the world’s largest pulp mill, run by Brazil’s Eldorado Celulose e Papel. The 1.5 million-ton-per-year mill is slated to come onstream in 2012. The agreement with Eldorado is part of Akzo’s strategy to double revenues in Brazil to $2.1 billion.
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